Notice Regarding the Revision of Forecasted Business Results and Increasein Forecasted Year-End Dividends
May 18, 2010
Don Quijote Co., Ltd.
Securities Code No.:
Shares Listed:
Address:
Representative:
Contact:
URL:

7532
Tokyo Stock Exchange
2-19-10 Aobadai, Meguro-ku, Tokyo
Junji Narusawa, President, Representative Director and COO
Mitsuo Takahashi, Senior Managing Director and CFO (Phone: +81-3-5725-7588)
http://www.donki.com

Don Quijote Co., Ltd. (the "Company") has revised its forecasts regarding its business results and year-end
dividends in respect of the fiscal year ending June 30, 2010 (July 1, 2009 to June 30, 2010) which wereannounced on February 5, 2010 and May 7, 2010. The revised forecasts are as follows:
1.

Revision of Forecasted Business Results in Respect of the Fiscal Year Ending June 30, 2010 (July 1,
2009 to June 30, 2010)(1)

Revision of Forecasted Consolidated Business Results

Previous Forecast (A)Revised Forecast (B)Amount of Increase(B – A)
Percentage Increase(%)
Actual Amount in thePrevious Fiscal Year
(Year Ended June 30,2009)(2)(JPY million)
Net Incomeper ShareNet(JPY)
Income10,800155.1911,600161.06Net Sales
497,000
497,000

Operating
Income19,50021,000Ordinary
Income19,20020,800

0

1,500

1,600

800

–

0.0%

7.7%

8.3%

7.4%

–

480,856

17,172

15,9898,554

123.69Reason for Revision of Forecasted Consolidated Business Results
The revision of forecasted consolidated business results in respect of the year ending June 30, 2010
is made in conjunction with item 2. below ("Revision of (Increase in) Forecasted Year-End
Dividends in Respect of the Fiscal Year Ending June 30, 2010") taking into account the businessresults in respect of the first three quarters of the fiscal year and the month of April (July 1, 2009
to April 30, 2010).
The consumption environment in this fiscal year (July 1, 2009 to June 30, 2010) continues to be
adverse, with customers tending to reduce spending and the economy showing deflationary trends.
However, due to the efforts of the Don Quijote group (the "Group") to lower its cost ratio
leveraging on its unique product procurement abilities, as well as the restructuring of its groupbusinesses and the further revision of its products categories focused upon the customers' potential
spending trends, the Group's gross profit margin has been on a steady increasing trend, and profits
are currently at levels that surpass the previous forecast (an upward revision of the forecast having
been published on February 5, 2010 and re-published on May 7, 2010).
In light of the above, the Company is revising its forecasted business results in respect of the fiscal
year ending June 30, 2010 as set out above, with forecasted operating income at JPY21.0 billion(7.7% increase on the previous forecast), ordinary income at JPY20.8 billion (8.3% increase on theprevious forecast) and net income at JPY11.6 billion (7.4% increase on the previous forecast).

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The forecasted net income per share has been calculated by dividing the forecasted net income by
the period-end number of shares in issue.
2.

Revision of (Increase in) Forecasted Year-End Dividends in Respect of the Fiscal Year Ending June30, 2010
(1)

Revision of Forecasted Dividends(JPY)
Record Date
Previous Forecast (Published onMay 7, 2010)
Revised Forecast
Payment Made Within this Fiscal
Year
Payment Made in the Previous
Fiscal Year (Year Ended June 30,2009)(2)

Dividends per Share
As of the End of the As of the End ofSecond Quarter
the Fiscal YearOn an Annual
Basis

10.00
–

13.00
15.00

23.00
25.00

10.00

––

10.00

13.00

23.00

Reason for Revision of Forecasted Dividends
The Company's basic policy regarding dividends is to aim to deliver stable returns to shareholders
and meeting the expectations of shareholders and investors, through enhancing corporate value bysolidifying its management base as well as implementing business reforms and striving to improve
its financial strength, based upon the active development of its business.
With regard to the year-end dividends in respect of the fiscal year ending June 30, 2010, as theforecasted business results for the fiscal year exceeds the previously forecasted results, theCompany has revised its forecasted dividends per share from the previously forecasted JPY13 pershare to JPY15 per share, an increase of JPY2 per share. Together with the dividends of JPY10 per
share paid in respect of the end of the second quarter of the fiscal year, the forecasted dividends
per share in respect of the whole fiscal year has therefore been revised to JPY25 per share.
This matter is expected to be raised at the annual general meeting of the shareholders of theCompany towards the end of September 2010.

Note: The forecasts set out in this release are based upon information available to the Company as of the date ofthis release, and actual results may differ from forecasted results due to a variety of factors. The announcementof the Company's results in respect of this fiscal year (the year ending June 30, 2010) is currently expected to bemade on August 18, 2010.

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